Wednesday preview: UK CPI, Sage in focus
By Alexander Bueso
Date: Tuesday 19 Nov 2024
(Sharecast News) - Investors' focus in the middle of the week would be on the latest UK consumer price data.
Consensus was for an increase in the annual rate of growth from 1.7% in September to 2.2% for October.
Also scheduled for release were producer price figures covering that same month.
Worth noting, the Monetary Policy Committee's Sarah Breeden and Dave Ramsden were due to deliver speeches at 1530 BST and 1600 BST, respectively.
On the corporate side of things, Sage was due to report its full-year numbers.
UBS analyst Michael Briest was anticipating a slowdown in the rate of growth in organic sales from 9.4% in the front half of the year to 8.8% over the latest six months.
To back up his case, he pointed to recent soft updates from various Sage competitors, including Bechtle, Freshworks, HubSpot and ZoomInfo.
Briest anticipated that Sage would guide towards 9% revenue growth in 2025.
Wednesday 20 November
FINALS
Sage Group, Tracsis
INTERIMS
Renold, HICL Infrastructure, Cropper (James)
Q3
Argo Blockchain
TRADING ANNOUNCEMENTS
Rotork
AGMs
Hays, CVS Group, Made Tech Group, Panthera Resources, Leeds Group, Genus
GMs
Kropz
ANNUAL REPORT
Tracsis
FINAL DIVIDEND PAYMENT DATE
Strategic Equity Capital
UK ECONOMIC ANNOUNCEMENTS
Consumer Price Index (07:00)
Producer Price Index (07:00)
Retail Price Index (07:00)
INTERNATIONAL ECONOMIC ANNOUNCEMENTS
Producer Price Index (GER) (07:00)
MBA Mortgage Applications (US) (12:00)
Crude Oil Inventories (US) (15:30)
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